Apollo Commercial Real Estate Finance (NYSE:ARI) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.51 and traded as high as $11.04. Apollo Commercial Real Estate Finance shares last traded at $10.9050, with a volume of 649,215 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ARI. Bank of America started coverage on Apollo Commercial Real Estate Finance in a research report on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Commercial Real Estate Finance in a research note on Friday, May 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.13.

Apollo Commercial Real Estate Finance Stock Performance

The company has a fifty day moving average of $10.93 and a two-hundred day moving average of $10.52. The stock has a market capitalization of $1.41 billion, a P/E ratio of 13.28 and a beta of 1.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 81.81 and a quick ratio of 81.80.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The company had revenue of $58.63 million during the quarter, compared to analyst estimates of $77.85 million. Apollo Commercial Real Estate Finance had a return on equity of 7.87% and a net margin of 48.01%. On average, equities analysts anticipate that Apollo Commercial Real Estate Finance will post 0.88 EPS for the current year.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 4,574 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $10.93, for a total value of $49,993.82. Following the completion of the sale, the director owned 24,799 shares of the company’s stock, valued at approximately $271,053.07. This represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several large investors have recently modified their holdings of ARI. Parallel Advisors LLC increased its stake in Apollo Commercial Real Estate Finance by 61.7% during the 1st quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,777 shares in the last quarter. Optiver Holding B.V. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 3,473.7% in the first quarter. Optiver Holding B.V. now owns 13,330 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 12,957 shares during the period. Bank of America Corp DE boosted its holdings in shares of Apollo Commercial Real Estate Finance by 17.4% in the first quarter. Bank of America Corp DE now owns 382,239 shares of the real estate investment trust’s stock valued at $4,036,000 after buying an additional 56,746 shares during the period. California State Teachers Retirement System increased its position in shares of Apollo Commercial Real Estate Finance by 14.6% during the first quarter. California State Teachers Retirement System now owns 139,738 shares of the real estate investment trust’s stock worth $1,476,000 after acquiring an additional 17,755 shares in the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth $4,760,000. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.